Brief: Shengjing Bank Expects HY Net Profit To Decrease

Shengjing Bank Co

17/08/2021 15:59

Aug 17 (Reuters) - Shengjing Bank Co Ltd  2066.HK :
    * SHENGJING BANK CO LTD SEES NET PROFIT FOR SIX MONTHS TO
DECREASE
BY APPROXIMATELY 60% TO 70%
    * EXPECTED RESULT DUE TO DECREASED NET INTEREST SPREAD AND A
DECLINE IN NET INTEREST INCOME
    * IN HY, INCREASED PROVISION FOR IMPAIRMENT LOSS OF ASSETS
DUE TO
INCREASED UNCERTAINTY OF BUSINESS OPERATIONS


Further company coverage:  2066.HK 

 (Reuters.Briefs@thomsonreuters.com)